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Author Topic: 2013-06-18 Right Way for Startups to Use Bitcoin  (Read 725 times)
patricktim (OP)
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June 19, 2013, 12:35:56 PM
 #1
http://tech.co/the-right-way-for-startups-to-use-bitcoin-2013-06



The virtual currency founded in 2009 is still too new to benefit most startups, but it is popular enough to attract attention from regulators. So some companies could pioneer a new niche to profit from its potential to ease international payments and online sales.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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RagnarDanneskjold
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June 20, 2013, 11:46:13 AM
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Thanks - Good read.  I can imagine how businesses grown on BTC are going to have all kinds of strategic advantages in the future.
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e521
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June 20, 2013, 11:58:30 AM
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“Bitcoin is still an experimental thing, and you should only put into it the time and money you can afford to lose,” Murck said candidly.

How could you possibly attract serious businesses?
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TraderTimm
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June 20, 2013, 05:22:59 PM
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Quote from: e521 on June 20, 2013, 11:58:30 AM
“Bitcoin is still an experimental thing, and you should only put into it the time and money you can afford to lose,” Murck said candidly.

How could you possibly attract serious businesses?


Because not everyone wets their pants at the mention of risk.
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